Bovespa

22 Mar 2022 ● 03:51 AM

The break above the high of wave I in the Bovespa index indicates that possibly wave III can unfold. Rohits momentum indicator is in bullish mode as well. At 124860, wave I and III be equal. On the way down, 20DMA and 40DEMA, currently pegged at 112783 and 111823 respectively, will be crucial support levels to watch out for in the near term.